Property Rates in Erandwane, Pune 2026

The average asking price in Erandwane is currently ₹23,250 per sq ft, which sits notably higher than the Government Registration Rate of ₹17,950 per sq ft as of the period between November 2025 and October 2026. This gap between the market-driven asking price and the government-notified rate is a common observation in premium localities, reflecting the perceived value and demand for residential assets in the area.

Property rates in Erandwane have shown a fluctuating trajectory over the last four quarters. As of September 2026, the location rate is ₹22,900 per sq ft, following a peak of ₹23,350 per sq ft in March 2026. This movement suggests a balanced market where buyers and sellers are adjusting to shifting demand levels throughout 2026.

As of September 2026, Ready To Move property in Erandwane is priced at an average of ₹20,850 per sq ft, having appreciated by 7.17% compared to the previous period. In contrast, Under Construction property is currently priced at ₹24,000 per sq ft, which has seen a significant appreciation of 14.86% over the same timeframe, signaling strong investor and buyer confidence in upcoming project launches.

The average rental rate in Erandwane is ₹52 per sq ft as of September 2026, representing an appreciation of 8.33% compared to the previous period. The locality currently offers a rental yield of 2.68%, which provides investors with a baseline for understanding the potential recurring income relative to the capital investment required for property in this area.

Rental demand in Erandwane is segmented by unit size, with 2 BHK apartments commanding an average rent of ₹38,350 per month, while 3 BHK apartments average ₹57,650 per month as of September 2026. These rates provide prospective tenants and landlords with clear benchmarks for the local rental market, reflecting the premium nature of the locality.

As of September 2026, premium rental projects in Erandwane include Rahul Apartments Erandwane at ₹58 per sq ft, Sahara Trimurti Apartment at ₹56 per sq ft, and Minal CHS Erandwane at ₹55 per sq ft. These projects consistently command higher-than-average rents, reflecting their specific amenities, maintenance standards, or proximity to key local landmarks.

Property rates vary significantly across the vicinity of Erandwane. For instance, Deccan Gymkhana currently averages ₹26,650 per sq ft, having appreciated by 2.63%, while Karve Nagar has seen a notable appreciation of 13.96% to reach ₹21,200 per sq ft as of September 2026. Conversely, areas like Anand Nagar have experienced a depreciation of 6.86%, bringing the average rate to ₹13,600 per sq ft, highlighting the diverse investment profiles available in the immediate region.

As of September 2026, Gokhale Mansukh leads the market in Erandwane with a listing rate of ₹31,950 per sq ft, showing a substantial appreciation of 55.44% over the comparison period. Other high-value projects include Fly Artmeciya at ₹31,200 per sq ft (up 48.15%) and Pandit Prabhat Garima at ₹31,100 per sq ft (up 40.47%), reflecting a strong upward trend in premium project pricing.

Investors should use this data to track long-term price trajectories and compare the performance of different property statuses, such as the 14.86% appreciation seen in Under Construction units versus the 7.17% rise in Ready To Move units as of September 2026. By analyzing the gap between the Government Registration Rate of ₹17,950 per sq ft and the current market asking price of ₹23,250 per sq ft, investors can better assess the premium they are paying for properties in Erandwane.